FINANCIAL AND NON-FINANCIAL TARGETS
Since the announcement of its 2030 strategic plan in June 2020, Rémy Cointreau has made significant progress in the implementation of its four strategic priorities that enable it to be ahead of the set objectives.
2022/2023 OUTLOOK
Ideally positioned to take advantage of new consumption trends and on the strength of progress against its strategic plan, Rémy Cointreau is heading into the 2022/2023 financial year with confidence.
The Group intends to continue implementing its strategy focused on medium-term brand development and underpinned by a policy of sustained investment in marketing and communications. The Group reaffirms its intention to continue to win market share in the exceptional spirits sector and anticipates another year of strong growth. In particular, Rémy Cointreau is forecasting strong first-quarter sales despite a very high base effect and the impact of the Covid-19 pandemic in China.
Helped by excellent pricing power, the improvement in the Current Operating Margin will be driven by the solid resilience of the Group’s gross margin despite the inflationary environment and by strict control over overhead costs.
For the full year, the Group expects currency effects to be positive for Current Operating Profit, which it forecasts in the range €30-40 million.
INCREASED CONFIDENCE IN 2030 GUIDANCE
In the medium term, Rémy Cointreau is reasserting its ambition to become the world leader in exceptional spirits, with a growth outlook that is still attractive, particularly in a world of more responsible consumption.
To achieve this, Rémy Cointreau will pursue its value strategy and its construction of a business model that delivers both profitable and responsible growth.
Ambitious yet confirmed financial and non-financial targets for 2030
Over the past financial year, Rémy Cointreau has benefited from very sustained consumption, reflecting the structural acceleration of consumption trends observed since 2020 in a context marked by the pandemic: out performance of the most high-end qualities, in-home consumption, the rise in mixology, the development e-commerce and the growing interest in corporate social and environmental responsibility.
As part of its "Sustainable Exception" plan, the Group aims for sustainable agriculture for all the terroirs used to produce its spirits, as well as a 50% reduction in carbon emissions per bottle by 2030. This is the first step toward the Group’s "Net Zero Carbon" ambition for 2050.
Financial targets to 2030*
72%
gross margin
33%
Current Operating Margin
"Sustainable Exception" Plan
100%
commitment to environmental certification by 2025
Reduction of
50%
in carbon emissions per bottle by 2030
"Net zero carbon" by 2050
* Based on rates and scope for 2019/2020.